Euro crashes with Angela Merkel’s fourth term as chancellor in doubt | WHAT REALLY HAPPENED

Euro crashes with Angela Merkel’s fourth term as chancellor in doubt

The European currency plunged to a two-month low against the yen on news that in Germany the pro-business Free Democrats (FDP) have pulled out of four-week negotiations with Chancellor Angela Merkel’s conservative bloc and the ecologist Greens.

With the failure to form a new coalition, Merkel’s fourth term as Germany's chancellor is now in doubt. Her party has tried for four weeks to enlist the two smaller parties for her coalition.

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